Commercial property for sale in San José, Upala

Key facts

About this property

This is a unique investment opportunity located in Los Yoses, Montes de Oca. The property is a corner lot with high strategic value, situated in one of the most commercially dynamic areas of East San José. It spans 1,010 m² and has mixed-use zoning, making it suitable for both vertical real estate development and immediate cash flow investment. The property allows for a height of up to five levels, presenting an exceptional option for residential, corporate, commercial, or hotel projects. Currently, there are two two-level buildings that are fully rented, operating as a hostel and restaurant, ensuring immediate profitability from day one. The property includes existing parking spaces, which is a key added value in this high-demand urban area, enhancing its appeal to current tenants and future developments. A bank appraisal was conducted in 2021, valuing the property at USD $2,250,000, and it is now offered below its market value, representing a genuine purchasing opportunity with potential for profit and appreciation.

Description rewritten by costaricarealtor.com from the public listing. See the original source for full details and photos.

Location

San José, Upala, Alajuela · approximate location